How Analysts Rated Rite Aid Corporation (NYSE:RAD) Last Week?

January 18, 2018 - By Marguerite Chambers

 How Analysts Rated Rite Aid Corporation (NYSE:RAD) Last Week?
Investors sentiment increased to 0.97 in 2017 Q3. Its up 0.19, from 0.78 in 2017Q2. It is positive, as 57 investors sold Rite Aid Corporation shares while 77 reduced holdings. 43 funds opened positions while 87 raised stakes. 513.41 million shares or 4.79% less from 539.25 million shares in 2017Q2 were reported.
Da Davidson And invested 0% in Rite Aid Corporation (NYSE:RAD). Cohen Cap Inc accumulated 42,435 shares. Oakbrook Ltd Llc holds 0% or 10,920 shares. Old Mutual Customised Solutions (Proprietary) Limited invested in 0.01% or 29,500 shares. Alphaone Investment Services Ltd Liability Com holds 0.01% or 12,000 shares. Tiedemann Wealth Management Ltd Liability Company holds 25,107 shares. Brave Asset Inc accumulated 0.05% or 52,500 shares. D E Shaw owns 0% invested in Rite Aid Corporation (NYSE:RAD) for 154,763 shares. Mark Sheptoff Finance Planning Lc owns 316,155 shares for 0.42% of their portfolio. The Japan-based Nomura Asset Ltd has invested 0% in Rite Aid Corporation (NYSE:RAD). Prudential Financial, New Jersey-based fund reported 67,694 shares. Quinn Opportunity Ltd holds 1.42 million shares. Huntington National Bank accumulated 2,300 shares. 11,748 are held by Keybank Natl Association Oh. Prelude Management Limited Liability invested 0% in Rite Aid Corporation (NYSE:RAD).

Since October 3, 2017, it had 0 buys, and 1 insider sale for $58,915 activity.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Wednesday, October 25. The stock has “Hold” rating by Deutsche Bank on Friday, April 8. The stock has “Hold” rating by Loop Capital Markets on Monday, September 11. The firm has “Neutral” rating by Goldman Sachs given on Thursday, October 29. Bank of America reinitiated the stock with “Underperform” rating in Friday, June 30 report. The company was downgraded on Thursday, August 6 by Vetr. Evercore reinitiated the shares of RAD in report on Friday, June 30 with “Underperform” rating. The firm has “Neutral” rating given on Friday, October 6 by Mizuho. The firm has “Buy” rating by Vetr given on Wednesday, August 19. Loop Capital maintained the shares of RAD in report on Friday, September 29 with “Hold” rating. Below is a list of Rite Aid Corporation (NYSE:RAD) latest ratings and price target changes.

05/01/2018 Broker: Evercore Rating: Underperform New Target: $1.5 Initiates Coverage On
04/12/2017 Broker: Deutsche Bank Rating: Hold New Target: $2.25 Initiates Coverage On
25/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $2.0 Maintain
06/10/2017 Broker: Mizuho Rating: Neutral Old Target: $2.95 New Target: $2.25 Maintain
29/09/2017 Broker: Loop Capital Rating: Hold Old Target: $2.5 New Target: $2 Maintain
19/09/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $2.5 Initiates Coverage On
11/09/2017 Broker: Loop Capital Markets Rating: Hold New Target: $2.5 Initiate
20/07/2017 Broker: Mizuho Old Rating: Buy New Rating: Neutral Downgrade

The stock increased 3.14% or $0.07 during the last trading session, reaching $2.3. About 22.66M shares traded. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since January 18, 2017 and is downtrending. It has underperformed by 71.88% the S&P500.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has market cap of $2.42 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 15.54 P/E ratio. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Seekingalpha.com which released: “The Real Opportunity For Rite Aid’s Investors” on December 22, 2017, also Investorplace.com with their article: “Surprise! Rite Aid Corporation Looks Ready For Decent Gain” published on December 28, 2017, Seekingalpha.com published: “Rite Aid Is Cheap For A Reason” on January 06, 2018. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Investorplace.com and their article: “What Remains For Rite Aid Corporation? The Risks of Going It Alone” published on January 11, 2018 as well as Seekingalpha.com‘s news article titled: “Rite Aid’s Poison Pill” with publication date: January 05, 2018.

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